EU annual inflation at 2.7 percent in March

Annual inflation in the European Union was 2.7 percent in March this year, stable compared to the revised percentage recorded in February, according to a report released by Eurostat, the Statistical Office of the European Communities. In March 2011, the annual inflation rate was also registered as 2.7 percent. Meanwhile, monthly inflation was 1.3 percent in March 2012.

In March this year, the lowest annual inflation rates in the European Union were observed in Sweden with 1.1 percent, in Greece with 1.4 percent and in Bulgaria with 1.7 percent, while the highest were seen in Hungary with 5.5 percent, in Estonia with 4.7 percent and in the Czech Republic with 4.2 percent.

The lowest 12-month averages up to the end of March 2012 were registered in Sweden at 1.3 percent, in Ireland at 1.4 percent and in Slovenia at 2.1 percent, while the highest were recorded in Estonia at 4.9 percent, in Romania at 4.6 percent and in Hungary with 4.3 percent.